Ssae 16 Type Ii #is #ssae #16 #needed,reports,reviewing #ssae #16,ssae #16,ssae #16 #audit #review,ssae #16 #review,ssae #16 #review #checklist,ssae #16 #reviews,ssae #review,ssae #reviews,ssae-18,ssae16,ssae16 #review,standards,third #party #ssae #guidance #review,who #is #required #to #have #a #ssae #16,who #is #required #to #have #ssae #16,why #get #ssae #16,audit #intensedebate,leave #a #reply: #name #(required): #website: #comments: #submit, #moderation,\’leave #a #reply\’ #\’name #(required)\’ #\’mail #(will #not #be #published) #(required)\’ #\’website\’ #it #services,controls,how #do #you #prepare #for #an #ssae #16 #audit,how #to #prepare #for #a #ssae #16,how #to #prepare #for #an #ssae #16 #audit,new #avenues #for #ssae #16,preparing #for #a #ssae #16,preparing #for #ssae #16,report #writing,ssae #16 #audit #preparation,ssae #16 #consulting #do #we #need,ssae #16 #preparation,ssae #16 #report,ssae #no. #16,example #soc #1 #report,soc #1,soc #1 #report,soc #1 #reports,soc #1 #type #2,soc #1 #type #2 #report,soc #1 #type #ii #report,soc #2,soc #3,soc #i,soc #report,soc #reporting,soc #type,soc #type #1 #report,soc-1 #report,soc1,soc1 #report,soc1 #reporting,soc1 #soc2,ssae #16 #reports,ssae #16 #soc #1,ssae16 #compliant #soc #1,system #and #organization #control #report,what #is #a #soc #1 #report,what #is #a #soc1 #report,what #is #ssae #16 #soc #1 #and #soc #2 #difference,at-c #320,cost,definition #soc #1 #ssae #16,how #ssea #16 #helps #auditors,prices,pricing,soc #1 #audit,ssae #16 #audit,ssae #16 #audit #checklist,ssae #16 #audit #report,ssae #16 #audit #requirements,ssae #16 #auditing #standard,ssae #16 #auditor,ssae #16 #checklist,ssae #16 #cost,ssae #16 #costs,ssae #16 #prices,ssae #17 #audit,ssae #18 #report,ssae #soc #auditing #and #reporting,ssae16 #audit,ssae16 #audit #report,ssae16 #checkilst,what #is #a #ssae #16 #audit,what #is #ssae #16 #audit,what #is #ssae16 #audit,what #is #the #purpose #of #a #ssae #16 #audit?


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The SSAE 18 Reporting Standard SOC 1 SOC 2 SOC 3 Support and Guidance for SSAE18, SOC 1, SOC 2, and SOC 3 reporting standards

Some organizations have heard of SAS 70, SSAE 16. and soon to be SSAE 18. but, don t really know WHY they need to pay to have a bunch of auditors trounce through their company for a month or two during the year, especially right after their financial audit just finished.
The answer is simple: Many companies will not even think about using your company to perform services for them without a clean Type II Report in place.
Some benefits of having an SSAE 16 performed :

  • Ability to perform outsourcing services for Public Companies.
    • If performing financially significant duties for a Public Company, they are required to use a SSAE 16 qualified provider as it is the only way to give investors assurance over controls that are not performed by the Company in question.
  • Public and Private companies are more likely to trust your organization with their data.
    • If you were to trust a company with your data, you would want complete assurance it will be handled with the utmost care
  • A year round accessible knowledge source (your auditors).
    • As a service organization, large or small, you will always have questions regarding your business and having a set of auditors in place with access to a wide array of business knowledge, it will allow you to bounce your questions and concerns off of a group of trusted individuals.
  • A third party to review your controls and activities to ensure they are functioning appropriately, and give advice on how to improve upon them.
    • Sometimes your internal audit department is good, but, not always as stringent as they should be. This will help to serve as a check on their work, as well as your staff. Additionally, if there were any findings noted, your auditors are in a great position to give you some tricks and tips to improve to ensure everything functions well the following period.
  • Improving performance of the organization.
    • Just the knowledge that a review is being performed of an employee s work that can have far reaching consequences for the company as a whole. No more, Oh, I didn t realize that reviewing user access was THAT important to do this month, sorry , now, everyone knows that if it s not done, the success or failure of the organization could rest upon them.

Think of the SSAE 16 or SSAE-18 audit as an annual investment into your company, increasing potential new clients. productivity and accountability .

This tip is focused on designing controls that reflect the process being testing, if they don t, a headache of massive proportions will be created once testing begins.
What do you do to make sure you don t screw this up? Have as many meetings as it takes to get it right.
What you need to do is sit down with the auditors, the department lead, the main employees responsible for performing the process, and anyone else whom could either play a role in testing or modifying the control in the future. Once that is done, Management should discuss what they determined the control to be and how it should operate, that is then reviewed by the auditors, and then the employees performing the tasks should be reconsulted to verify that the control still reflects their process accurately.
Many times people try to speed this process up and half-ass it, leaving many open items which upon testing could easily blow up into a huge problem. When the control isn t 100% agreed upon prior to testing and a deviation is noted, it s a tough call between failing the control and the ability to adjust it to accurately reflect the process. The problem is modifying a control after testing has begun is not proper and needs to be avoided at all costs.
Locking the controls locked down early on could save weeks in wrapping up your new SSAE 16 Report.
We have seen issues like this cause delays in issuing of the report to the client and running additional fees, since adjusting controls isn t free. Coming from the perspective of the auditor, we can let you know the pitfalls, consequences and how to best navigate the audit process. If you have any comments or questions please leave them below!

A SOC 1 Report (System and Organization Controls Report ) is a report on Controls at a Service Organization which are relevant to user entities’ internal control over financial reporting. The SOC1 Report is what you would have previously considered to be the standard SAS70, complete with a Type I and Type II reports, but falls under the SSAE 16 guidance (and soon to be SSAE 18 ).

Please see the following articles discussing the SSAE 16 guidance and additional information related to the SOC 1 (Type I and Type II) Reports:

In addition to the SOC 1 report which is restricted to controls relevant to an audit of a user entity’s financial statements, the SOC 2 and SOC 3 reports have been created to address controls relevant to operations and compliance and will be discussed in further detail in the future.

Please see the SOC 1 Reporting Guide page for additional information.

SSAE 16 is an enhancement to the current standard for Reporting on Controls at a Service Organization, the SAS70. The changes made to the standard will bring your company, and the rest of the companies in the US, up to date with new international service organization reporting standards, the ISAE 3402. The adjustments made from SAS 70 to SSAE 16 will help you and your counterparts in the US compete on an international level; allowing companies around the world to give you their business with complete confidence .

SSAE16 is now effective as of June 15, 2011, and if you have not made the necessary adjustments required, now is the time to find a quality provider to discuss the proper steps. All organizations are now required to issue their Service Auditor Reports under the SSAE 16 standards in an SOC 1 Report.

The soon to be effective, SSAE-18. is expected to follow a similar reporting structure to the SSAE-16 within a SOC 1 report.

Who Needs an SSAE 16 (SOC 1 ) Audit?

If your Company (the Service Organization ) performs outsourced services that affect the financial statements of another Company (the User Organization ), you will more than likely be asked to provide an SSAE16 Type II Report, especially if the User Organization is publicly traded.
Some example industries include:

  • Payroll Processing
  • Loan Servicing
  • Data Center /Co-Location/Network Monitoring Services
  • Software as a Service (SaaS )
  • Medical Claims Processors

What you Need to Know:

Before starting the SSAE 16 process, there are a number of considerations one must take into account that can save considerable time, effort, and money in the long run. Use the following items as a mini checklist for yourself:

  • Does my Company need an SSAE16, or, are we doing it just because someone asked?
  • Reports on the low end can run at least $15,000 a year, will the business lost be less of a burden than the cost of the report itself?
  • Does your company have defined Business Process and IT controls in place, or, will you need assistance developing and implementing them (readiness assessment)?
  • Have you determined the controls in place which affect the outsourced services being provided?
  • Have key stakeholders been defined and included in discussions?

There are many other issues to consider before engaging a CPA firm to help with your SSAE 16, for a more detailed checklist please see The SSAE 16 Checklist

You may have heard SSAE-18 is on the horizon for reports issued as of May 1, 2017. There are some important updates discussed in here: SSAE-18 An Update to SSAE-16 .

As the standard is formalized and the date approaches we will continue to provide more information to help you prepare for these changes.


Web Developer How To: Upload Images Using PHP #php #developer #needed


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Web Developer How To: Upload Images Using PHP

Web developers who are just getting started often ask, “How can I upload images using PHP?” In this tutorial we are going to look at the basics, and show you how you can install such a script on your website.

One of the most frequently asked questions in the PHP Forums is “How can I upload images using PHP?” In this tutorial we are going to look at the basics, and show you how you can use such a script on your website.

Uploading images can be broken down into the three following steps which will be looked at in turn:

  • An HTML form with a browse button to allow the client to choose which file to upload
  • A script to process the upload, validate the file, name it and place it in the file system
  • Lastly a page to advise the client the upload was a success

Let’s start with the HTML form. The form is just basic HTML but has one very important part which is often accidentally omitted making file uploads impossible. This item is contained in the form tag, be sure to include it: The other important thing of course is the file input tag. Lastly, while still on the subject of the upload form, it is possible to add an optional hidden input tag which contains the maximum upload filesize and this should come before the file upload field. The value of this field is the filesize in bytes.

Now on to the upload processing script. This script runs in a linear way and if any step of the script is not satisfied the script will abort and output an error message. The comments in the script explain what each step does, and don’t really require further explanation. If the script above came to its conclusion without any error the client will be redirected to a success (A.K.A. landing) page. The following is an example of such a page: Finally to tie everything together we need a simple stylesheet: Permissions: I’m not going to go into permissions in this article as it is a platform specific issue and also varies from server to server depending on the how the server has been configured. Generally speaking, the files will be created 0644 but if that is not the case on your server you will need to chmod() them to at least this permission for them to be web viewable. For more information on the configuration of your particular server consult your host’s FAQs.

That’s about it. I have put the whole thing in a zip file which contains all the directories and files needed and which will work without modification if uploaded to a server.


650 Credit Score Auto Loan: Credit Score Needed to Buy a Car #prestige #auto


#auto loan rate
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650 Credit Score Auto Loan What Credit Score is Needed to Buy a Car

Average 650 Credit Score for Car Loan

Are you considering buying a new vehicle, but are wondering what credit score is needed to buy a car? Are you worried your average 650 credit score is going to hurt you? You ve come to the right place! Allow me to break it down for you, and be the one to tell you that you can still use a 650 credit score to buy a car! In reality, securing a car loan is one of the easier loans to get despite a lower credit score. For example, there are companies like MyAutoLoan that are known to accept customers with less than perfect credit. The main thing to keep in mind when shopping around is a lower interest rate. Often, the interest rates on a car loan for a person with a credit score of 650 or lower may be as high as 10%, and they still may require a large down payment.

As you explore what credit score is needed to buy a car, calculate auto loan rates by credit score, and begin searching for that new vehicle with your 650 credit score auto loan (or whatever score you have), here are some financial considerations.

Beat the Average Auto Loan Rate Shop Around!

Most of the time when you are looking for a car you spend time test driving the models you are interested in. If you have a credit score of 650 and want an auto loan, it would be wise to test drive those interest rates in addition to the car. If you don t, the credit score for car loan game may stick you with larger monthly payments than you can afford. Some car dealers have their own financing which means they can be more competitive with the interest rates they offer. Check with multiple dealers and multiple banks rather than just accepting the first offer you receive.

Keep in mind that the kind of car you are purchasing can also affect the interest rate on your loan. Many banks will offer a lower interest rate when you buy a car that is fuel efficient, or hybrid, as opposed to others that will charge more for sports cars. Typically new cars will get you a lower interest rate, whereas used are a bit higher. It is OK to ask the financing institution what credit score is needed to buy a car, and ask to see a breakdown of their auto loan rates by credit score. Thsi can vary from bank to bank, so it s important to stay informed. Keep in mind, however, how much a monthly payment you can afford. Don t get in over your head just because you qualify for a good interest rate!

What is a good credit score to buy a car?

Deciphering the credit score for car loan can be tricky. Beyond credit scores, there are questions like, what is a good interest rate for an auto loan? According to bankrate.com the average auto loan rate on a new car for a 5year loan was 4.15%. On a four-year loan for a used car the average was 4.77%. It is possible to find interest rates as low as 0% to 1.99%. However, these loans are often reserved for particular new models of cars and require credit scores above 700. With a credit score of 650 and auto loan interest rate below 5% would be great. Chances are, though, according to USA Today you will be shopping in the range of 6%-9%. When it comes to interest rates it is important to shop around!

Average Car Down Payment

It s always tough to part with your cash on hand, but it will benefit you in the long run if you can put more money down on your car when applying for a 650 credit score auto loan. The more money you put down up front, the less you have to borrow, the less your monthly payments will be. So parting with your cash now, can give you more cash in your pocket monthly. Determine how much you can afford to put down, and secure a good interest rate as you determine your budget for a car.

Auto Loan Rates by Credit Score

Ok, so by now you probably know your credit score, and you ve shopped around for the best interest rate you can find, right? You know how much you can afford for your car down payment. Now it s time to figure out how much you can spend on the monthly payment. If you are semi-challenged in math, as I am, this step may be overwhelming at first. But, the good news is there are online tools that make this easy! All you need to do is enter in the amount of money that you will be borrowing (less your down payment) enter in the interest rate, duration of the loan, and it will calculate how much your monthly payments will be. This is a great tool for determining how much you can afford to borrow at the interest rate you secured for the 650 credit score auto loan. Keep in mind that auto loan rates vary by credit score, so if the payment is a little out of reach, you can work to improve your score and your other monthly expenses. Do a monthly budget worksheet to figure out how a monthly car payment will fit into your budget. Also, don t forget to include other debt you are trying to pay down quickly, on your monthly budget worksheet. Here is one example of an auto loan calculator that you can use when determining how much to borrow: www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

Don t max out your budget

Let s say you can afford a car payment of $300 a month. You ve done a budget worksheet and numbers come out perfectly. Does this mean that it would be wise for you to go out and buy the nicest car you can possibly afford? As tempting as that may be to do, it may not be the wisest thing to do if you are trying to raise your credit score higher than a 650. Money gets tight, emergencies come up, and it is always best to leave some wiggle room in your budget so that you are not continually feeling the pinch of financial burdens. To give yourself peace of mind, a higher chance of securing a 650 credit score auto loan, and to enable you to better make payments on time, it is best to buy in a range that does not max out your budget.

Continuing to Raise Your Score After Buying a Car with a 650 Credit Score Auto Loan

The ultimate goal is to continue to improve your credit score of 650. How can you do this after securing an auto loan? The most important thing is to make your payments on time, always! This is why it may be best not to max out your budget when getting a 650 credit score auto loan. In addition, continue to pay down smaller debt as quickly as possible, while still making minimum payments on time in all other areas. If you follow these tips, you ll never have to wonder what credit score is needed to buy a car again, as you ll be confident your good credit score will secure a great auto loan rate!

  1. Shop around for interest rates!
  2. The more money you can pay up front the better!
  3. Determine a comfortable budget!
  4. Don t max out your budget!
  5. Continue to work on raising your credit score after buying a car by paying down other debt and making payments on time!

650 Credit Score Auto Loan: Credit Score Needed to Buy a Car #kings #auto #mall


#auto loan rate
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650 Credit Score Auto Loan What Credit Score is Needed to Buy a Car

Average 650 Credit Score for Car Loan

Are you considering buying a new vehicle, but are wondering what credit score is needed to buy a car? Are you worried your average 650 credit score is going to hurt you? You ve come to the right place! Allow me to break it down for you, and be the one to tell you that you can still use a 650 credit score to buy a car! In reality, securing a car loan is one of the easier loans to get despite a lower credit score. For example, there are companies like MyAutoLoan that are known to accept customers with less than perfect credit. The main thing to keep in mind when shopping around is a lower interest rate. Often, the interest rates on a car loan for a person with a credit score of 650 or lower may be as high as 10%, and they still may require a large down payment.

As you explore what credit score is needed to buy a car, calculate auto loan rates by credit score, and begin searching for that new vehicle with your 650 credit score auto loan (or whatever score you have), here are some financial considerations.

Beat the Average Auto Loan Rate Shop Around!

Most of the time when you are looking for a car you spend time test driving the models you are interested in. If you have a credit score of 650 and want an auto loan, it would be wise to test drive those interest rates in addition to the car. If you don t, the credit score for car loan game may stick you with larger monthly payments than you can afford. Some car dealers have their own financing which means they can be more competitive with the interest rates they offer. Check with multiple dealers and multiple banks rather than just accepting the first offer you receive.

Keep in mind that the kind of car you are purchasing can also affect the interest rate on your loan. Many banks will offer a lower interest rate when you buy a car that is fuel efficient, or hybrid, as opposed to others that will charge more for sports cars. Typically new cars will get you a lower interest rate, whereas used are a bit higher. It is OK to ask the financing institution what credit score is needed to buy a car, and ask to see a breakdown of their auto loan rates by credit score. Thsi can vary from bank to bank, so it s important to stay informed. Keep in mind, however, how much a monthly payment you can afford. Don t get in over your head just because you qualify for a good interest rate!

What is a good credit score to buy a car?

Deciphering the credit score for car loan can be tricky. Beyond credit scores, there are questions like, what is a good interest rate for an auto loan? According to bankrate.com the average auto loan rate on a new car for a 5year loan was 4.15%. On a four-year loan for a used car the average was 4.77%. It is possible to find interest rates as low as 0% to 1.99%. However, these loans are often reserved for particular new models of cars and require credit scores above 700. With a credit score of 650 and auto loan interest rate below 5% would be great. Chances are, though, according to USA Today you will be shopping in the range of 6%-9%. When it comes to interest rates it is important to shop around!

Average Car Down Payment

It s always tough to part with your cash on hand, but it will benefit you in the long run if you can put more money down on your car when applying for a 650 credit score auto loan. The more money you put down up front, the less you have to borrow, the less your monthly payments will be. So parting with your cash now, can give you more cash in your pocket monthly. Determine how much you can afford to put down, and secure a good interest rate as you determine your budget for a car.

Auto Loan Rates by Credit Score

Ok, so by now you probably know your credit score, and you ve shopped around for the best interest rate you can find, right? You know how much you can afford for your car down payment. Now it s time to figure out how much you can spend on the monthly payment. If you are semi-challenged in math, as I am, this step may be overwhelming at first. But, the good news is there are online tools that make this easy! All you need to do is enter in the amount of money that you will be borrowing (less your down payment) enter in the interest rate, duration of the loan, and it will calculate how much your monthly payments will be. This is a great tool for determining how much you can afford to borrow at the interest rate you secured for the 650 credit score auto loan. Keep in mind that auto loan rates vary by credit score, so if the payment is a little out of reach, you can work to improve your score and your other monthly expenses. Do a monthly budget worksheet to figure out how a monthly car payment will fit into your budget. Also, don t forget to include other debt you are trying to pay down quickly, on your monthly budget worksheet. Here is one example of an auto loan calculator that you can use when determining how much to borrow: www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

Don t max out your budget

Let s say you can afford a car payment of $300 a month. You ve done a budget worksheet and numbers come out perfectly. Does this mean that it would be wise for you to go out and buy the nicest car you can possibly afford? As tempting as that may be to do, it may not be the wisest thing to do if you are trying to raise your credit score higher than a 650. Money gets tight, emergencies come up, and it is always best to leave some wiggle room in your budget so that you are not continually feeling the pinch of financial burdens. To give yourself peace of mind, a higher chance of securing a 650 credit score auto loan, and to enable you to better make payments on time, it is best to buy in a range that does not max out your budget.

Continuing to Raise Your Score After Buying a Car with a 650 Credit Score Auto Loan

The ultimate goal is to continue to improve your credit score of 650. How can you do this after securing an auto loan? The most important thing is to make your payments on time, always! This is why it may be best not to max out your budget when getting a 650 credit score auto loan. In addition, continue to pay down smaller debt as quickly as possible, while still making minimum payments on time in all other areas. If you follow these tips, you ll never have to wonder what credit score is needed to buy a car again, as you ll be confident your good credit score will secure a great auto loan rate!

  1. Shop around for interest rates!
  2. The more money you can pay up front the better!
  3. Determine a comfortable budget!
  4. Don t max out your budget!
  5. Continue to work on raising your credit score after buying a car by paying down other debt and making payments on time!